Attractive Detached Licensed Restaurant In Warwickshire For Sale

Business description

Until the middle of March, 2012 the restaurant was trading as Thai cuisine, which could obviously be reintroduced and in our opinion, in view of the spacious restaurant there is potential for other types of cuisine, if desired.

SPACIOUS DETACHED LICENSED RESTAURANT, woodstrip floor, ceiling lighting. Tables and chairs providing seating for 80 persons (can be increased). BAR with 4 double door glass fronted fridges, ice maker, glasswasher, sink etc.

STAIRS TO BASEMENT fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins
Fully tiled gentlemen's cloakroom with 1 w.c. 2 urinals, wash hand basin

GROUND FLOOR SPACIOUS FULLY EQUIPPED KITCHEN including 7-burner Chinese cooker, large gas grill, 2 deep fryers, 1 upright double door deep freeze, 1 upright single door deep freeze, 1 stainless steel table with heating lamps over, 3 hot cupboards, double sink and drainer etc.

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £32,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereaftere every 3 years. (The vendor is prepared to grant a shorter lease, if desired).

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS RESTAURANT IN THIS SOUGHT AFTER WARWICKSHIRE LOCALITY, NOT FAR FROM STRATFORD-UPON-AVON.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The SPACIOUS SELF CONTAINED living accommodation, comprises: First Floor 6 Double Bedrooms Kitchen Space for installation of bathroom Second Floor Loft Conversation comprising: Spacious Lounge (could be split into 2 rooms, if desired)

Location:

Sought after and one of the oldest large villages in WARWICKSHIRE

Business Operation

Expansion potential:

AS STATED the restaurant has recently been closed, however, in our opinion offers tremendous potential for development in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS £35,000 subject to contract SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, FIXTURES & FITTINGS £575,000 subject to contract SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

-

Employees:

-

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£35,000